David Kirkpatrick

July 23, 2009

Nanophotonics market may reach $40B in five years

A release from the inbox:

Global Nanophotonic Market Worth US$37.6 Billion by 2014

WILMINGTON, Delaware, July 23/PRNewswire/ —     According to a new market research report, ‘Nanophotonics – Advanced
Technologies and Global Market (2009-2014)’, published by MarketsandMarkets
(http://www.marketsandmarkets.com), the global nanophotonics market is
expected to be worth US$3.6 billion by 2014, out of which the Asian market
will account for nearly 74% of the total revenues. The global market is
expected to record a CAGR of 100.7% from 2009 to 2014.

    Browse 134 market data tables and in-depth TOC on nanophotonics market.
Early buyers will receive 10% customization of reports

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    Nanophotonics (http://www.marketsandmarkets.com/Market-Reports/
nanophotonics-advanced-technologies-and-global-market-125.html) is born out
of the combination of three major sciences:photonics, nanotechnology,
and optoelectronics. While photonics and optoelectronics have revolutionized
the electronics and semiconductors market, nanotechnology has the greatest
potential for further improvement, and hence has emerged as the most
sought-after technology by big companies and research laboratories. In spite
of it being in the nascent stage, nanophotonics is expected to make it to
the mainstream market owing to the higher power efficiency, thermal
resistivity, and operational life.

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    The nanophotonic component market is growing at a robust rate for the
last few years and is expected to maintain a very high CAGR for the next few
years. The market is expected to reach US$3.6 billion in 2014 at a CAGR of
100.7% from 2009 to 2014.

    Asia holds a major share of the global nanophotonics market. However, the
U.S. and Europe represent very high growth rate of 161.1% and 160.0%,
respectively, from 2009 to 2014. The U.S. and Europe assume further
importance because of the large consumer base for the nanophotonic devices.
Extensive investment in research and development for the application of
nanophotonics in increasing number of application areas has become the main
driver for this market

    The LED market is the largest segment; and is expected to reach US$2.7
billion by 2014 at a CAGR of 91.3%. Optical amplifier and holographic memory
device markets are estimated to record growth rate of 239% and 234.6%
respectively from 2009 to 2014. The high growth rate of nanophotonics
products is mainly due to high demand from Asian countries.

    The Asian market is the largest geographical segment; and is expected to
be worth US$2.7 billion by 2014. The second largest segment is Europe, with a
CAGR of 160.0%. However, market size of the U.S. is expected to increase at
the highest CAGR of 161.1% from the year 2009 to 2014.

    The report is titled ‘Nanophotonics- Advanced Technologies and Global
Market (2009 – 2014)’ and was published in June 2009.

    Scope of the Report

    This report aims to identify and analyze products, applications and
ingredients for nanophotonics market. The report segments the nanophotonics
product market as follows:

    Nanophotonics components – products

    Nanophotonic LED, nanophotonic OLED, nanophotonic near field optics,
nanophotonic photovoltaic cells, nanophotonic optical amplifiers,
nanophotonic optical switches and nanophotonic holographic data storage

    Nanophotonics – applications
    Indicators and signs, lighting, non-visual applications,
telecommunications, entertainment and consumer electronics

    Nanophotonics – ingredients

Photonic crystals, plasmonics, nanotubes, nanoribbons and quantum dots.

    About MarketsandMarkets

    MarketsandMarkets is a research and consulting firm that publishes 120
market research (http://www.marketsandmarkets.com/) reports per year. Each
strategically analyzed report contains 250 pages of valuable market data,
including more than 100 market data summary tables and in-depth, five-level
segmentation for each of the products, services, applications, technologies,
ingredients and stakeholders categories. Our reports also analyze about 200
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Source: MarketsandMarkets